TaxPersonal TaxLib Dem’s manifesto plans for devolved tax raising powers.

Lib Dem's manifesto plans for devolved tax raising powers.

The Liberal Democrats are calling for separate tax-raising powers for the Scottish Parliament and Welsh Assembly among far-reaching proposals for constitutional reform.

Former President Robert Maclennan, the party’s constitutional affairs spokesman, will also urge the party’s annual conference in Bournemouth next week to back pressure to separate the legislation from a Tax Technicalities Bill to permit greater consultation on the detail of tax matters.

The proposals are on top of plans for a 50% tax rate on incomes of over #100,000 per year contained in its draft manifesto, which the party is expected to rubber-stamp.

The party will also debate a call for a crackdown on the banks, approving the Cruikshank report detailing ‘profound competition problems’ in the industry.

Besides greater fiscal autonomy for devolved legislatures, the conference is also expected to renew its support for a local income tax to replace council tax as the main revenue for local authorities. It is also expected to back a tax on greenfield development to fund the restoration of urban derelict land for housing. This year intensifies the trend under which most of the policy calls will be proposed by leading party spokesman.

Hague to reform IR35

www.accountancyage.com/Tax/1110221

Liberal Democrats

www.libdems.org.uk/

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